Diezani Alison-Madueke at OPEC headquarters in Vienna, Nov. 27, 2014. Photo: Ronald Zak/AP
Lillian Mutiso, 11:11 am
Folorunso Alakija, 62, The mother of four, started her career as a secretary in a bank then studied fashion and launched a label but one of her biggest breaks was oil. She is now a renowned business tycoon involved in fashion, oil and printing industries. Her company an indigenous Nigerian oil and gas exploration that has earned her a fortune. She is probably one of the richest self-made woman in Africa and one of just two female billionaires on the continent.
Dana Sanchez, 10:46 am
Carlson Rezidor announced its first Radisson Blu residence in Nairobi. Marriott announced its first executive apartments in Addis Ababa. “Hotel residences are becoming an increasingly important offer for business and leisure travelers alike,” said Wolfgang M. Neumann, President & CEO of Rezidor.” Also known as extended-stay hotels, they are serviced apartments that use hotel-style booking. It’s similar to renting an apartment, but with no contracts.
Kevin Mwanza, 7:47 am
In February, Ethiopia received the highest accolade in the tourism sector by being named the World’s Best Tourism Destination by the European council on Tourism and Trade. The East African nation, with some outstanding nature sceneries and a strong ancient culture, beat other countries like Thailand, Spain and Italy.
Karen Elowitt, 5:00 am
Botswana’s 80,000-square-kilometer Makgadikgadi Pans is a wilderness like no other place on Earth. Heat mirages destroy your sense of space and direction, especially when shimmering in the scorching temperatures of a late summer day. However, if the winter sees a heavy rain, bright green grass sprouts and wildlife like zebra, wildebeest and flamingos flourish.
Kevin Mwanza, 4:51 am
Knight Frank, world’s largest property agency and consultancy firm, said a growing retail market in East Africa has increased the demand for real estate management services in the region and it will expand its office to Rwanda this year. The firm, which already operates in 24 African countries, has offices in Kenya and Uganda.
Staff, 12:10 am
In 2014 the renewable energy investment in China was bigger than the investments in the U.S. plus all European countries all put together, according to Fatih Birol, head of the International Energy Agency. “It is the biggest achievement in the history of energy,” he said. He urged China to invest more in energy-hungry Africa.
Staff, 12:05 am
South Africa-based Oceana, a company that deals in fish meal and fish oil, is expanding into U.S. and African fishmeal markets in Angola and Namibia. In July, Oceana closed a “game-changing” transaction in the global fishmeal sector with the $382.3-million purchase of Daybrook Fisheries in Louisiana, U.S.
Staff, 6:21 am
South Africa’s gold mining companies are facing a question of life or death — and the answer is likely robots. With more than half of the country’s goldmines unprofitable, companies are looking for ways to stay in business long enough to mine what is left of the world’s largest gold deposit. That means miners have to figure out how to dig up more gold less expensively from deeper underground than ever before.
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